What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.

A reason the left is good as what it does: it thinks big and thinks long term. Conservatives and libertarians, meanwhile, like to give up immediately if something seems like it might take a while, or if other people don't embrace their ideas instantly.

Among themselves, libertarians often see important dividing lines among various factions in terms of social views and lifestyles. But most on the outside define libertarianism as being overwhelmingly for one thing: excessive and "dogmatic" devotion to free markets.